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Gasoline

China's CNCEC to build 300,000-bpd Al-Faw refinery in Iraq

China's National Chemical Engineering Company (CNCEC) has inked a deal with the Southern Refineries Company to build a 300,000-bpd refinery in Al-Faw, Iraq.

Higher refinery costs could increase summer gasoline prices says US EIA

Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA).

US appeals court upholds biofuel blending mandates for 2020-2022

A U.S. appeals court upheld a rule from President Joe Biden's administration that set the amount of biofuels that oil refiners were required to blend into the nation's fuel mix from 2020 through 2022, rejecting a challenge by oil refiners to the mandates.

HIF Global secures nearly $165-MM in investments to develop eFuels

HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects.

Iran's Persian Gulf Mehr refinery scheduled for completion in early 2025

Phase 1 construction of Iran's Persian Gulf Mehr refinery is progressing, with project completion expected in early 2025.

Citgo Petroleum reports Q1 profit of $410 MM

Oil refiner Citgo Petroleum reported its first quarter net fell 56% to $410 MM, from $937 MM in the same period a year ago.

bp’s Cherry Point refinery turns feedstock into renewable diesel fuel. Here’s how.

bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques.

Heavy oil shortages are driving up refiners' cost

Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.

India's fuel demand increases more than 6% y-o-y

According to the country's Petroleum Planning and Analysis Cell, India's fuel consumption rose by 6.1% year-on-year in April.

Kazakh refinery to export gasoline made from Russian oil

Kazakhstan and Russia have allowed Kazakh refinery Condensat to export 225,000 t of gasoline this year that will be produced from naphtha supplied by Russia's Tatneft.